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ABC common stock is expected to pay a dividend of $3 a share at the end of the year; the required rate of return is
ABC common stock is expected to pay a dividend of $3 a share at the end of the year; the required rate of return is 10%. The dividend is expected to grow at some constant rate g, and the stock currently sells for $50 a share. Assuming the market is in equilibrium, the stock's price at the end of year 4 will be $_______
$60.83 | ||
$140.26 | ||
$54.12 | ||
$115.43 |
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